Plan Snapshot
- Plan Sponsor: Reading Bakery Systems, INC.
- Sponsor EIN: 231307640
- Sponsor Address: 380 OLD WEST PENN AVENUE, ROBESONIA, PA, 19551
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 197
- Total Assets: $160,034
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 197 | $160,034 | $2.6M | $490,798 |
| 2023 | 182 | $548,922 | $2.2M | $459,113 |
| 2022 | 173 | $458,021 | $1.9M | $445,537 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PATRIOT (POWER-KUNKLE GROUP, INC.) | Investment Advisor | $78,360 | — | $78,360 |
| THE BENECON GROUP | Investment Advisor | $50,068 | — | $50,068 |
| HIGHMARK BLUE SHIELD (CENTRAL) | Other Service Provider | $20,021 | — | $20,021 |
| CONNECTCARE3 | Other Service Provider | $12,100 | — | $12,100 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $160,549
- Estimated Expense Ratio: 100.322% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,093,913 | $62,168 | $98,381 | — | — |
| 2023 | $935,376 | $46,015 | $96,385 | — | — |
| 2022 | $829,428 | $41,655 | $94,786 | — | — |